Stock markets are not happy, and the dollar is strengthening.  The cold labor market has not stopped this trend

U.S. companies announced 8.7 million new job offers in October, compared to 9.6 million in September, according to a Labor Department survey of job openings and employee turnover released Tuesday. this Lowest opening since March 2021 – writes the Financial Times.

See also: Comarch shareholders elected a new chairman

Economists expected 9.3 million job vacancies, much worse than expected. This is an important indicator that shows the demand for labor in the economy.

Demand for labor rose during the recovery period from the coronavirus pandemic, which consequently led to higher wages, but the number of job offers has been largely on a downward trend since 2022. The decline in October was due to… Fewer job openings in the healthcare, financial and retail sectors.

The transcript continues below the video

The number of layoffs remained stable at 1.6 million, and the number of workers who left their jobs remained at 3.6 million.

The sharp decline in new job openings coupled with flat hiring means the labor market is “rebalancing” to pre-pandemic levels, says Nick Bunker, an economist at the job site Indeed. – After years of excitement, the American labor market is ready for boring times, he told the Financial Times.

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